2011-11-14T15:40:34-06:00 2011-06-30 DIXON HUGHES GOODMAN LLP 4510 COX ROAD SUITE 200 GLEN ALLEN VA 230603394 990 2010-07-01 540505966 VMI FOUNDATION INC VMIF 5404647383 PO BOX 932 LEXINGTON VA 24450 MR DAVID PRASNICKI 5404647383 2011-11-14 1 GERALD L HAGEN JR 8042827636 2010 2016-03-07 17:11:31Z MR DAVID PRASNICKI PO BOX 932 LEXINGTON VA 24450 18119579 0 X WWW.VMIAA.ORG X 1937 VA TO SUPPORT THE VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL. 28 28 93 0 0 0 12342663 12406034 0 0 168048 2677726 2511568 3035819 15022279 18119579 13513689 12319447 0 0 2633009 2399636 0 0 1733569 1078455 994316 17225153 15713399 -2202874 2406180 223272866 256801892 4435797 4762877 218837069 252039015 X FOR THE ADVANCEMENT, PROMOTION, ENCOURAGEMENT, WELFARE AND PROGRESS OF VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED COLLEGE, AND ADVANCEMENT, WELFARE AND PROGRESS OF THE VMI ALUMNI ASSOCIATION, WHO ALSO SUPPORTS VMI IN CONJUNCTION WITH ALUMNI RELATIONS TO FURTHER SUPPORT. 0 0 12919756 ALL PROGRAM SERVICES ARE FOR THE SUPPORT OF VIRGINIA MILITARY INSTITUTE, TO INCLUDE VMI ALUMNI ASSOCIATION. 12919756 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 93 0 93 1 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X VMI FOUNDATION INC 5404647383 PO BOX 932 LEXINGTON VA 24450 C ALLAN BAMFORTH 2.00 X 0 0 0 T BRYAN BARTON 2.00 X 0 0 0 DR K BULGER-BARNETT 2.00 X 0 0 0 COL RANDOLPH M BLANKS 2.00 X 0 0 0 DR CHARLES F BRYAN JR 2.00 X 0 0 0 KENT R CARRINGTON 2.00 X 0 0 0 KIM Y CHU 2.00 X 0 0 0 MG RICHARD E COLLIER 2.00 X 0 0 0 ROBERT R COPTY 2.00 X 0 0 0 LUTHER C DANIELS JR 2.00 X 0 0 0 DARYL L DEKE 2.00 X 0 0 0 ROBERT J EVANS 2.00 X 0 0 0 HUGH M FAIN III 2.00 X 0 0 0 JOHN F FICK 2.00 X 0 0 0 RICHARD W FLOWERS 2.00 X 0 0 0 JOHN R GIBNEY JR 2.00 X 0 0 0 JAMES R HOBBS 2.00 X 0 0 0 STEPHEN E HUPP 2.00 X 0 0 0 WM JEFFRESS JR ESQ 2.00 X 0 0 0 P WILLIAM MOORE JR 2.00 X 0 0 0 GENERAL JHB PEAY III 2.00 X 0 0 0 WALTER C PERRIN II 2.00 X 0 0 0 CHARLES F PLAGEMAN 2.00 X 0 0 0 MG STEPHEN H SEWELL JR 2.00 X 0 0 0 THOMAS G SLATER 2.00 X 0 0 0 ANNE M WHITTEMORE ESQ 2.00 X 0 0 0 CONRAD M HALL 2.00 X 0 0 0 DR J BATTLE HASLAM II 2.00 X 0 0 0 JOHN C MILLER II 2.00 X 0 0 0 GEORGE M RAPPORT 2.00 X 0 0 0 DR CHARLES M ROGERS IV 2.00 X 0 0 0 ROBERT C TROXLER 2.00 X 0 0 0 WILLIAM E WELSH 2.00 X 0 0 0 THOMAS HENRY ZARGES 2.00 X 0 0 0 BRIAN CROCKETT 40.00 X 186998 0 24600 W BRYAN 40.00 X 116191 0 15820 D PRASNICKI 40.00 X X 126509 0 17283 C ELLIOTT 40.00 X 93039 0 7210 F AREHART 40.00 X 51349 0 7365 D TAYLOR 40.00 X 82356 0 10992 T CONRAD 40.00 X 76384 0 6922 P WEBB 40.00 X 77980 0 6922 J ADAMS X 146840 0 0 957646 0 97114 4 1 1 0 MCGUIRE WOODS LLP 901 EAST CARY ST RICHMOND VA 232194030 CONSULTING 124633 1 12406034 12406034 2677726 2677726 ADMINISTRATIVE FEES 900099 3035819 3035819 3035819 18119579 0 0 5713545 12319447 12319447 726040 145208 108906 471926 1115988 223198 446395 446395 191975 30716 21117 140142 236442 52017 21280 163145 129191 28422 11627 89142 64690 12303 21628 30759 32200 32200 476179 64800 300985 110394 82366 16473 65893 14230 7115 7115 10731 10731 39834 19917 19917 FUNDRAISING AND CAMPAIG 135003 135003 SPECIAL FUNCTIONS 72827 14565 7283 50979 MISCELLANEOUS 22126 22126 UTILITIES 21594 3023 8206 10365 DUES & SUBSCRIPTIONS 9805 2451 7354 12731 6140 1634 4957 15713399 12919756 1060074 1733569 64168 -8364007 9978172 11844480 2348418 2378132 739324 582410 11489 156914 206670854 245333273 4199765 5453100 223272866 256801892 461820 306181 3973977 4456696 4435797 4762877 X 43551336 44863446 69996991 80823291 105288742 126352278 218837069 252039015 223272866 256801892 X 2406180 30795766 X X 0 1 1 X 0 X 13942550 15083472 18423075 11718702 10539726 69707525 13942550 15083472 18423075 11718702 10539726 69707525 19527356 50180169 1021405 553896 4358499 3224508 3139012 12297320 2340307 1236025 2889053 2285225 1918967 10669577 92674422 0.54150 0.51640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 218837069 12406034 39855388 4858509 17216736 -3015819 252039065 198317542 12342663 22890449 4236640 12988513 -2511568 218837069 0.17800 0.50130 0.32070 0 0 739324 582410 156914 156914 SECURITIES - POOLED FUND 231978464 F OTHER INVESTMENTS 13354809 F 245333273 LIABILITIES UNDER CHARITABLE GIFT ANNUITIES 4456696 4456696 18119579 15713399 2406180 37420288 -6624522 30795766 33201946 17856903 -262676 -262676 18119579 0 18119579 15713399 0 15713399 0 15713399 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA. IN ADDITION, THE FOUNDATION HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACTUARIAL LOSS ON TRUST & ANNUITY OBLIGATIONS TRANSFER OF FUNDS TO AFFLILIATE PART XII, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL LOSS ON TRUST & ANNUITY OBLIGATIONS PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT THE VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL AND VMI ALUMNI ASSOCIATION TO EXPAND SUPPORT FROM ALUMNI FOR VMI. 1 VMI PO BOX 932 LEXINGTON VA 24450 2217993 UNDESIGNATED AID AND OPERATIONS VMI PO BOX 932 LEXINGTON VA 24450 4071328 SCHOLARSHIPS VMI PO BOX 932 LEXINGTON VA 24450 1029386 JACKSON HOPE VMI PO BOX 932 LEXINGTON VA 24450 1156583 PROFESSIONAL CHAIRS AND INSTRUCTION VMI PO BOX 932 LEXINGTON VA 24450 577769 ACADEMIC SUPPORT VMI PO BOX 932 LEXINGTON VA 24450 1621288 OTHER DESIGNATED EXPENSES VMI ALUMNI ASSOCIATION PO BOX 932 LEXINGTON VA 24450 1645100 ADMINISTRATIVE SUPPORT PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: VMI FOUNDATION, INC. AWARDS ASSISTANCE ONLY TO VIRGINIA MILITARY INSTITURE, A STATE-SUPPORTED SCHOOL. FUNDS AWARDED ARE BASED ON THE INSTITUTE'S NEED AND REQUEST FOR FUNDS. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 BRIAN CROCKETT 186998 0 0 0 0 0 24600 0 0 0 211598 0 0 0 J ADAMS 146840 0 0 0 0 0 0 0 0 0 146840 0 0 0 PART I, LINE 1A HEALTH AND SOCIAL CLUB DUES ARE REIMBURSED ONLY TO THE CEO BASED ON CONTRACTUAL OBLIGATIONS. X 91 2122611 FAIR VALUE AT RECEIPT 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO ITS FILING, A COPY OF THE FORM 990 WAS DISTRIBUTED TO AND REVIEWED BY THE BOARD MEMBERS DURING A SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST STATETMENTS ARE COMPLETED BY ALL BOARD MEMBERS. ADDITTIONALLY, A CONFLICT OF INTEREST POLICY WHICH GOVERNS ALL BOARD MEMBERS IS IN PLACE AND REVIEWED AND UPDATED ANNUALLY FOR EXISTING AND NEW BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT REVIEWS ALL SALARIES. COMPAPATIVE DATA IS SUPPLIED FOR ALL POSITIONS. AN EXTERNAL CONSULTANT WAS USED TO DETERMINE SALARY OF THE CEO. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON ORGANIZATION'S WEBSITE AND ARE ALSO AVAIABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 37,420,288. ACTUARIAL LOSS ON TRUST & ANNUITY OBLIGATIONS -262,676. TRANSFER OF FUNDS TO AFFLILIATE -6,361,846. TOTAL TO FORM 990, PART XI, LINE 5: 30,795,766. AUDIT OVERSIGHT & SELECTION OF INDEPENDENT ACCOUNTANT FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE IN PLACE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE AUDITED FINANCIAL STATEMENTS ARE REVIEWED AT A SCHEDULE MEETING EACH YEAR. VMI INVESTMENT HOLDINGS LLC 304 LETCHER AVENUE LEXINGTON VA 24450 ACQUIRE, HOLD AND DISPOSE OF INVESTMENTS, TO INCLUDE AFFILIATED NFP ENTITIES VA VMI FOUNDATION INC